What's Going On With Bitmine Stock Thursday?

Benzinga04-02 21:06

Geopolitical Strain Weights on CryptoLeading cryptocurrencies fell Wednesday evening after President Donald Trump stated the U.S. military campaign against Iran will continue. Trump noted the campaign...

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Trump noted the campaign...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/04/51623833/whats-going-on-with-bitmine-stock-thursday-2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHA","symbol_name":"以太坊ETF-iShares","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/04/51623833/whats-going-on-with-bitmine-stock-thursday-2","article_id":"2624245501","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2026/04/02/The-Bitmine-Immersion-Trade.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/trading-ideas/movers/26/04/51623833/whats-going-on-with-bitmine-stock-thursday-2","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2624245501","pubTimestamp":1775135164,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Bitmine Immersion Technologies Inc.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHA":"以太坊ETF-iShares","ETHE":"最大以太坊ETF-Grayscale","SMA":"Smartstop Self Storage REIT Inc","BK4601":"加密货币现货ETF","EETH":"以太币期货ETF-ProShares","BK4217":"自存仓储房地产信托","ETHT":"ProShares Ultra Ether ETF","ETHU":"2倍以太币期货ETF-Volatility Shares","ETHD":"ProShares UltraShort Ether ETF"},"translate_title":"周四比特矿股票怎么了？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHD":0.72,"SMA":1,"ETHE":0.66,"EETH":0.66,"ETHT":0.66,"ETHA":0.66,"ETHU":0.66},"content_text":"Geopolitical Strain Weights on CryptoLeading cryptocurrencies fell Wednesday evening after President Donald Trump stated the U.S. military campaign against Iran will continue. Trump noted the campaign persists until objectives are “fully achieved.”Massive Treasury ExposureThe volatility directly impacts Bitmine’s significant balance sheet. As of March 29, Bitmine held 4,732,082 ETH tokens. This represents 3.92% of the total Ethereum circulating supply.Chairman Tom Lee recently called crypto a “good wartime store of value” despite the current market retracement.Staking Revenue and TargetsBitmine is pursuing its “Alchemy of 5%” goal to acquire 5% of all ETH. The company has staked 3,142,643 ETH, generating $177 million in annualized staking revenue. “As the Iran war enters its 5th week, ETH and crypto outperformed the broader market,” Lee previously noted.Technical AnalysisAt $18.67, the stock is trading 9.2% below its 20-day simple moving average (SMA), the stock’s average price over the last 20 sessions. It’s also trading 30.9% below its 100-day SMA.The 20-day SMA is below the 50-day SMA, and the death cross in January (50-day SMA below the 200-day SMA) points to a longer-term downtrend that hasn’t fully reset.The moving average convergence divergence (MACD), a trend/momentum measure, is bearish with the MACD at -0.6449 below the signal line at -0.5547.On a longer lens, the stock is up 173.47% over the past 12 months. Even after that big run, BMNR is far below its $161.00 52-week high and much closer to the lower end of its $3.92–$161.00 range.\nKey Resistance: $22.00\nKey Support: $18.50\nBMNR Stock Price Activity: BitMine Immersion shares were down 5.03% at $18.70 during premarket trading on Thursday, according to Benzinga Pro data.Photo by PJ McDonnell via ShutterstockThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. 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